Look at this chart and explain to me how crypto isn’t dead. Volume has been steadily declining for months and it’s accelerated its downtrend recently.
Bitcoin volume is now at May 2017 levels, but the price is 10x what it was then. Something has to give.
Don’t tell me this is just bitcoin, you can look at he chart for virtually every coin and see this trend.
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yes, sell your bags cheap and FOMO when it's at 12k again.
You know what comes after despair, right?
>hurr durr wut maket sicle
>Volume dropping on a downtrend
Reversal imminent. But seriously yeah, despair is what I'm feeling RN. Gona hold my linkies but everything else is being dumped either before tron mainnet or EOS if we don't get a pump for tron.
despa...cito 2?
low volume can also cause price to go up fren
the new meme chart
Low volume = Bearish !!!
The hype is dead, the next wave begins when these projects start delivering. Most coins/tokens will die while a few become mainstream.
Some of these marketcaps are ridiculous though, and people are going to get burned as they continue to bleed.
>It’s going down right now, which means it’s about to go back up
You can look at literally any point on this chart and say that. There is no reason to believe that will happen.
We got our brief attempted bull run and now it’s crashed back down harder than before.
Consolidation pattern
Low volume = market losing interest
t-thanks user
I couldn't care less about Btc
Real projects which make money baby !
THEN GET OUT OF CRYPTO BRAINLET
im pretty sure crypto is just a ponzi scheme but im going to keep my bags anyway just in case it isnt. you cant cash out anway
Ponzi is by definition a scheme that promises to pay dividends. Crypto doesn't pay dividends. Kill yourself normie idiot for now knowing what the word ponzi means faggot bitch
ITS OVER. JUST MOVE ON WITH YOUR LIFE. DONT YOU GET IT? YOU'RE NOT GETTING YOUR MONEY BACK.
thanks
100% we are going sub 5k. Get the fuck out and buy by then.
zoom out you fucking fag.
the low volume is a good thing imo.
The best pumps come after low volume consolidation
>Bitcoin volume is now at May 2017 levels
Seems we did ok after that to me, user.
Yes, it's over.
Sell everything and go back to flipping burgers.
>Bitcoin was 2500 this time last year.
>topped 20k
>now 7,5k
>he bitches and whines.
Save the whining for 15k
>and now it’s crashed back down harder than before.
Higher Lows dumb nigger.
Death?
Do a search on price action and volume. Things aren't as they seem, OP.
Well duh, it's dead for now, that's been obvious for months. However in a year or three there's nothing stopping a second hype cycle from forming.
What're trying to say here
You have no idea what you're talking about, a reversal often coincides with a bottom in price and volume. In fact one of the most aggressive sell signals is a huge jump in volume that occurs right before the dump. The low volume with a stable price suggests almost every weak hand has been shaken out and only people who aren't afraid of losing money are still in this market.
Just think about it logically: a LOT of people bought above 15k, they will DUMP as soon as BTC even approaches 12k because they desperately want out of this market. So the price keeps dropping as smart money waits for these idiots to leave, eventually the price stabilises at a point where if it goes any lower smart money buys up, but no one is pumping so volume keeps dropping off. One by one these bagholders loses hope and sells into the smart buyers. Eventually as the volume and price movement is low and stable all of these people are squeezed out and the next bull run begins.
Low volume and stable price with a StochRSI
Yeah suicide
Yeah, it's a waste of time.
Anyone who's bought crypto in the last ~7months has lost money and there's no reason to think the price will magically increase since the price of crypto doesn't seem to be tied to the economy.
Too brainy
Grug from Jellyhand tribe sell rock, no one likes rock anymore except Big Nose tribe.
Big Nose stupid Grug smart
NASDAQ has recovered tho
it is dead
Now if things go as planned, accumulation phase will begin and it will be sideways trading for like a year. Which will drive everyone insane, but it will be on a slight uptrend during that time. Then volitility will pick up a little and price will increase more. News will start shilling slowly followed by spike in price. Media will start shilling with the force of a thousand goys and a bull run will emerge.This is what us deluded fucks are waiting for, if things go by plan it'll happen.
If not... we are rekt
lmao, you silly faggot. you have missed yoru acumulation phase becase you have no idea waht you are looking at.
get this into your brain: by the time the average person/ normie catches on to the trend, it's over and they get fucked.
december was when normies entered, way too late, and got fucked.
This "bear market" was the accumulation phase. now a few normies like yourself are catching onto the idea of accumulating, it's gonna go up again and you have no position.
you think your clever, going to accumulate lower now that you finally sussed out waht's going on, but way too late for you, and they know this.
the reason "always do the opposite of what biz says" is because this board is filled with normies and college kids with no idea what they are doing, so great normie indicator.
The bubble is popping, everyone knows it. Anyone who says otherwise is either deluded or trying to sell you their bags.
Balls deep baby..
You are an idiot. You are operating under the assumption that prices will always increase. Sorry to break it to you, but 95% of coins are less useful than Chuck E Cheese tokens and will price to 0 one day. December was the golden bull run, and it is never coming back.
>the price is 8.4k
Just shut up and tell me if my bag of JNT is going to do anything.
No.
50% of my stack in HOLO holding for a year not looking back wish me luck
implying you know exactly what's going on brainlet
I've been in this bitch since december
Yea i bought near the top
GUess whose breaking even right now even tho i bought the top of alt coins
ME , my extraordinary trading skills has carried me so i am still floating right now. And trading increasing my stacks... ill be ready for any 'pump' that'll come
And i'll be dropping my bags, as i feel a bull trap is coming soon which is exactly what i want.
>jnt
youre gonna make it
we are still in accumulation phase until btc hits 10k again.
Anyone with sense will sell at 10k
Dont you get it yet, its being traded to nothing
14 years later by then quantum computing will be on every street corner we are fucked.
more or less, the entire time between the first bottom and now has been.
anyone with sense knows that if 10k is actually broken, which is gigantic resistance, complete with a higher low (above 6.4k) then BTC is likely going to resume parabolic growth, and 10k becomes a huge support level.
somewhat. we hit 10k and people sold off. but its still accumulation until we are on the up trend to 10k and go break through.
YOu are a faggot. When I got into this bs it was about a year ago and BTC like $2000. It’s just a fucking year. You expect way too much.
DESPAIR AT ATHS
I legitimately bought my first crypto on the 1st of Jan and I'm still up 40%. Could have been better but at least I didn't get completely JUSTed like most of the new money.
fistnigger/lambolydia, is that you? i recognize your writing style
>buy signal
tfw you fell for that meme too :|
Check back in a year. If Holo is looking good, keep holding. Holo is either going to be what Ethereum was supposed to be and reach over $100 billion market cap (basically go 1000x) or it’s going to collapse like any other shit token.
deluded holofag
Looks like a big cup is forming
Bear marker is nearly over, just a couple more days. Start getting your longs ready is all i can say about that. Biz is always bitching about missing out and fomoing in but at the same time allergic to any real risk. Guess what, Right now is the time the next wave of crypto rich will come from, Miss it or take it. It's up to you biz.
fuck off with your garbage reddit meme
lmao what? it just increased like, 20%. you bought AFTER that?
Bought VeChain in Jan at 3 ish dollars.
Bought some JNT at 50c in Jan.
Sold VeChain at 4 dollars (after watching it get to 7 or something like that, fuck me)
Bought more JNT, average price of 35c now.
In terms of my intial amount I'm up around 40% now.
Pack it up. See you all in a few years.
>just a couple more days
kek
no bullrun until volume returns to september leves
All coins follow btc. How people still don't get this is beyond me
This is good for people with more than a few braincells
>Anyone who says otherwise is...
things a desperate shill would say
It was made into a ponzi scheme. It was invented to be anonymous and secure from central banking.
>One by one these bagholders loses hope and sells into the smart buyers.
This is why not coin or currency EVER will have a fair distribution. It's not because tricks or manipulation, people are just that dense.
again??
dumb question from a guy who googled something and got no answers
if i only buy the minimum amount, like 1.02, will the value of the coin need to raise a LOT for me to make anything
basically if i put more in do i get more out
$1 x 10% = $1.10.
$100 x 10% = $110
$1000 x 10% = $1100
I hope this question is a troll though, if not...
>it's the end of crypto as we know it, sell your bags cheap and don't look at the 3 day or 5 day intervals
the absolute state of bears right now
Yes, unless you leverage more than x10
>not knowing what a triple bottom is
Are...are you actually retarded? Fuck user I'm sorry for insulting your ass but I can't understand what part of this concept could have confused you.
Buy $100 of a coin, the price then increases by 10x, you now have $1000 if you sold what you bought.
Buy $1000 of the coin, it increases by 10x, you now have $10,000
Buy $10,000 of the coin, it increases by 10x, you now have $100,000
This is the entire reason why people say that the more money you have to invest, the easier it is to actually make it. This is the entire reason why the rich get richer, because you need to multiply less in order to end up with more.
>always do the opposite of what biz says
that's funny because Jow Forums shilled the fuck out of ethereum before it exploded and i made a couple 100k off of it.
it's not like we actually believed that was ever going to happen user
>looking at normie exchange
He doesn’t understand accumulation and distribution it seems
QQ OP u sold the bottom
Jow Forums was fudding the everloving fuck out of ethereum where were you?
yeh this sick pasta lel
Thats only when the sell volume is low. We dont hsve increasing buy volume either.
>it's only changing phase. that massive spike was the most recent brokerage bubble that basically destroyed bitcoin as a public and decentralized asset. this is partly the cause of bitcoin cash.
>the first spike of 2014 was due to a black market bubble.
>our next phase is concerned with savings accounts; real estate investment; and business services. This next phase is where it really counts because this is where everyone gets involved and block chains start running on amazon . com and eventually food stamp cards.
14 years to recover in the stock market is more like 3 years for crypto.
Liquidity and percent change are the only things that matter to me. Volume would be a lot more important if my order sizes caused slippage.
Reminds me alot of the dotcom bubble
Survivorship bias. Biz has shilled a lot of failures too.
A triple bottom is a gay guy that gets fucked by 3 dicks at the same time.
>BTC volume is at may 2017 levels
bullshit. Volume is 5x what it was a year ago
>OP spouts bullshit on /biz.
>Who would thunk it?
This board is full of fucking degenerates. Don't believe anything the scum here comes up with.
doesn't low volume mean holding?
I have 2100 wan am i gonna make it, starting to think no.
en.wikipedia.org
>Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.
Which is what the crypto community/companies are exactly doing.
Did you buy Mooncoin?
Digibyte?
C-chain-l-link?
Yeah, ETH wasn't just being shilled on Jow Forums ya fag. Tons of Asian webpages were shilling it too back in the day